(TheRedWire.com) – Is there a tax Liberal politicians wouldn’t enact if given the leeway? For years, far-Left Democratic Senator Elizabeth Warren (D-MA) criticized corporations, calling them greedy, money-hungry, and unwilling to pay their fair share. She made those claims despite the fact US corporations were among the most taxed and regulated businesses in the world before Donald Trump became president. In 2017, the then-GOP-led Congress and Republican President Donald Trump reformed the tax code to make America more business-friendly and globally competitive.
— Daily Wire (@realDailyWire) December 8, 2021
As part of President Joe Biden’s Build Back Better semi-Socialist partisan proposal, Warren is demanding corporations once again give more of their money to a starving and growing federal government. She wants businesses to pay a 15% minimum tax on corporate earnings above $1 billion.
The Massachusetts Liberal argues big companies rigged the tax code in their favor and employed armies of tax accountants to avoid paying federal taxes. In fact, she makes it sound like businesses are doing something illegal or immoral when they are following the law.
Recently, Elon Musk, Tesla and SpaceX founder and CEO, argued that taking capital away from those who use it to expand the economy, hire people and innovate marketplaces only to give it to the government, historically the least qualified to manage it, makes no sense.
What do you think? Does he have a point?
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